XTB
Good for stock-focused investors who want zero-commission shares (up to €100k/month) under a WSE-listed FCA-regulated broker. Skip if you trade options or futures — xStation is stocks/CFD only.
Editor: Kyrylo Vasyliev
Excellent · above median (83)
Affiliate link · doesn't change your terms
XTB is a Warsaw Stock Exchange-listed broker offering zero-commission real shares and ETFs up to €100,000 monthly turnover — uniquely strong for stock-focused retail investors under that threshold. Above it, 0.2% commission with a 10 EUR minimum kicks in. Not the broker for options / futures traders (CFD-only on derivatives) or anyone needing rich research tools.
Not sure if it fits you?
Take the 2-min quiz →About XTB
XTB is a Polish broker founded in 2002, listed on the Warsaw Stock Exchange (WSE: XTB) and regulated by KNF, FCA, CySEC, DFSA and the FSC. Client funds are segregated and the FCA-licensed UK entity is covered by FSCS up to £85,000.
The core product is the proprietary xStation 5 platform — well-rated for usability — covering CFDs on FX, indices, commodities, crypto and stocks, plus 0% commission on real stocks and ETFs up to €100k/month notional. Minimum deposit is $0, leverage up to 1:30 for retail under ESMA.
XTB is a strong pick for European retail traders who want one regulated entity for both CFDs and real shares. It is less suited to advanced derivatives (no options/futures), and US clients are not accepted.
FOUNDED
2002
24 years operating
HEADQUARTERS
Warsaw, Poland
EU jurisdiction
MIN. DEPOSIT
£0
Minimum deposit: the threshold, its currency and the floor on getting money back out →
COMPENSATION
FSCS (£85,000)
FSCS — statutory investor compensation
What you'll actually pay
Estimated yearly cost in three scenarios. Only verified fees are counted. Each trade moves a twelfth of the portfolio; per-share commissions assume a $50 share; currency conversion is counted once, on the whole portfolio. An inactivity fee is shown separately and applies only if its condition is met.
Heads-up: inactivity fee
Charged only when both hold: no position opened or closed in the last 365 days and no deposit in the last 90 days. Not charged while any of your accounts holds an open position. Converted into the account currency; with less on the account, the remaining balance is taken. Not included in the totals below.
- Stock commissions
- Free
- FX markup
- $5.00
- Custody
- Free
- Stock commissions
- Free
- FX markup
- $50.00
- Custody
- Free
- Stock commissions
- Free
- FX markup
- $500.00
- Custody
- Free
Interest on uninvested cash
What the broker pays on money sitting in your account between trades. Rates are variable and verified against the broker's own page.
AER, auto-enabled on the standard investment account, no min/max balance. Variable — can change weekly (rates effective from 05.10.2026).
Verified October 10, 2026 · broker source →
Why this broker scores 100/100
Full methodology →How safe is your money
Segregated client accounts
Client funds held separately from operating capital. Required by regulator.
Investor compensation: FSCS (£85,000)
If broker becomes insolvent, your covered assets are reimbursed up to the scheme's limit.
Publicly traded company
Listed on a regulated exchange — financials are public.
24 years of operations
Founded 2002. No major regulatory actions on record.
Negative balance protection
You cannot lose more than your account balance.
CFD/crypto exposure
Offers high-leverage products. 74–89% of retail CFD accounts lose money in the long run.
Full safety report: regulation, protection & risks →
Full margin policy: liquidation rules, the legal entity & negative balance protection →
What you can trade
Real assets you own
Forex
50+ currency pairs · raw spreads
Stocks
NYSE · NASDAQ · LSE · XETRA
ETFs
0% commission on most US/EU listed ETFs
Crypto
BTC · ETH · 30+ pairs
Commodities
Metals · energy · agriculture
CFDs & leveraged products
CFDs
74-89% of retail CFD accounts lose money
Where you trade
xStation 5
XTB proprietary platform with strong charts and screener
Web · Win · Mobile
xStation Mobile
Platforms: terminals, API access, order types and whether the demo expires →
How to open + where you can
ACCOUNT TYPES
Individual
BASE CURRENCIES
USD · EUR · GBP · PLN
DEMO ACCOUNT
Unlimited · $100K virtual
KYC VERIFICATION
1-2 days typical
WITHDRAWAL SPEED
Wire 1-2 days · Card 0-1 days
CUSTOMER SUPPORT
Extended hours · EN · PL · DE · ES · RU · CS
Available
EASY · 5Restricted / blocked
READ FIRST · 611 jurisdictions · grouped by friction
Zero commission on real stocks & ETFs below €100,000 monthly turnover
Genuinely zero — not PFOF-funded like US Robinhood; XTB makes margin on FX conversion (0.5% spread) and the above-threshold rate. For accumulating a €5k–€50k portfolio with quarterly rebalancing, the effective cost approaches zero.
WSE-listed public company (XTB SA, ticker XTB) — quarterly financial disclosures
Capital ratios, client AUM, and any regulatory actions are auditable from public filings. Private retail brokers (Just2Trade, EXANTE, Tickmill) don't expose this level of detail.
xStation 5 proprietary platform — single-app for stocks + CFD + FX
Unified portfolio view, charts and order entry across asset classes. Compare to Admirals (MT5 + Invest.MT5 split) or J2T (Sterling + MT5 split) — XTB removes the platform-fragmentation tax.
Licensed companies in Poland (KNF), the UK (FCA) and Cyprus (CySEC)
Which company holds the account depends on where you live. Clients of XTB S.A. in Poland are covered by the KDPW compensation scheme: 100% of a loss up to €3,000 and 90% above that, at most €20,100. Clients of XTB Limited in the UK are covered by the FSCS up to £85,000.
Wide instrument selection (6k+)
Single account covers stocks, ETFs and major derivatives
Above-threshold pricing aggressive: 0.2% commission with a 10 EUR minimum
Beyond €100k/mo turnover (€1.2M annually), commissions ramp to 0.2% with a 10 EUR floor — that's €10 on a €100 trade (10%!). Designed to keep XTB profitable on heavy users; if you're trading €200k/mo, costs add up fast vs IB.
No options or futures — derivatives are CFD-only
If you want to write covered calls, trade SPX options or use futures for hedging, XTB cannot serve you. CFDs on indices and commodities exist but are not the same instrument (different leverage, tax, settlement).
Demo expires after 30 days of inactivity
Unlike IBKR or Admirals (unlimited demo), XTB resets the demo account every 30 days idle. Friction for users wanting to paper-trade strategies over months.
- ✓Stock-focused investor with monthly turnover under €100k
- ✓EU resident wanting WSE-listed public-company transparency
- ✓User who values a single proprietary platform over MetaTrader
- ×High-volume traders (above-threshold pricing aggressive at 0.2% min 10 EUR)
- ×Options / futures traders (CFD-only on derivatives)
- ×Users wanting deep fundamental research / screener tools
How to open a XTB account
- 1
Visit XTB
Click the button below to open XTB's registration page. The link is affiliate — no extra cost to you.
- 2
Provide personal info
Enter your legal name (as in passport), residential address, date of birth, and tax residency country. Use the exact spelling from your ID — mismatches delay verification.
- 3
Submit verification documents
Upload passport or national ID + proof of address (utility bill or bank statement, dated within the last 3 months). XTB typically completes KYC verification in 1-2 days.
- 4
Fund the account
Make your first deposit. XTB's minimum is £0. Wire transfers usually clear in 1-2 days; card deposits are instant where supported.
- 5
Start trading
Log into the platform — xStation 5, xStation Mobile — and place your first order. Start small to confirm execution and fees match expectations before scaling up.
Frequently asked questions
Is XTB safe and regulated?
What is the minimum deposit on XTB?
What fees does XTB charge?
What can I trade on XTB?
Does XTB offer negative balance protection?
How long does it take to open an account at XTB?
Can I withdraw to a bank card on XTB?
Does XTB support W-8BEN forms for US stock trading?
Does XTB have a demo account?
What is XTB's Trustpilot rating?
Is XTB really commission-free?
Is XTB a safe broker?
XTB vs alternatives
5 brokers serving the same markets, sorted by trust score
How we verified this review
Every fact below is verified against primary sources. We refresh on a schedule and on reader feedback.